June 27, 2013
Oregon Department of Veterans' Affairs Adjusts Home Loan Rates



 For the first time eight months, the Oregon Department of Veterans' Affairs (ODVA) has adjusted its competitive home loan rates and are now listing a 20-year fixed rate loan at 2.875 percent, with a 1.375 percent origination fee (3.206 APR). 

The ORVET Home Loan Program always provides veterans one of the lowest home loan interest rates available to qualified home buyers.  Additionally, the program's 30-year loan rate is now 3.25 percent with a 1.375 percent origination fee (3.489 APR) or 3.50 percent (3.628 APR) with no origination fee. 

Even if a veteran has purchased a home using the federal VA program, they may still be eligible for an ORVET home loan.  The ORVET Home Loan Program is a state of Oregon veteran benefit and is separate from the federal VA home loan guaranty program. 

"These are very competitive rates for today's market," said Cameron Smith, Director of the Oregon Department of Veterans' Affairs.  "Our new rates, combined with today's improved and competitive home market, will provide our veterans an even greater opportunity to buy a home." 

The ORVET Home Loan is a lifetime benefit for eligible veterans with a maximum loan amount of $417,000 for a single family, owner occupied residence.  Also, the ORVET program may be able to refinance a non-ORVET home loan if the loan is less than 18 months since origination. 

For more information about eligibility and rate details, contact ODVA's Home Loan Department at 888-673-8387.

Contact Info:
Steve Schlag, 503.373,2229
Nicole Hoeft, 503.373.2386 


The Session Continues On - and On 



The Oregon Legislature's 2013 session should be over by now. But it isn't.

A robust revenue forecast released in May shows that there is enough money to balance the budget and adjourn. Yet the session still continues on.

The majority party will try to portray me and my fellow House Republicans as obstructionist. That is completely inaccurate, though, as the Democrats are in charge of the House, Senate and the governor's office. They have had complete control of the process.

One of the biggest holdups so far has been the passage of the education budget. This is unfortunate, as every school district in the state is required by law to have its budget finalized by the end of June. But that budget was held up in the Senate, where it was subjected to partisan political gamesmanship.

During the 2011 session, the House was evenly split between both parties, prompting a unique co-governance model. That atmosphere helped produce the passage of the education budget in mid-April, giving school districts ample time to meet their obligations.

In the halls of the capitol, there has been talk of Saturday and Sunday sessions. This is the result of poor session management.

Ultimately, Oregon has a citizen legislature. We all have jobs and families back home in our districts. It is time for us to conclude conducting the peoples' business instead of perpetuating the end of session blame game. 




Mail Tribune Blog 6/27/2013 


This Week on the Floor 



 HB3506 - Rep. Gallegos Bill - Establishes a task force on Minority Language Voting Material


Yes - that is right.  This bill passed the House right down party lines except for one Republican vote.  It is my understanding that in order to vote you need to be a US Citizen.  In order to be a US Citizen you have to be able to read, write, and comprehend the English Language.  Where are they going with this type of bill?  I can only hope that it was Rep. Gallegos "take home bill" and the D's thought they should allow him one bill for the session!


HB3194 - Modifies sentencing imposed for felony marijuana and felony driving while suspended.


We will vote on this bill on the House floor this afternoon at three.  I cannot believe this - it seems every time we address reducing sentencing instead of looking at the real issue.  How do we stop people from going to jail - 


HB3521 - Defines "qualified designated voter registration agency." Requires said agencies to report to Secretary of State voter registration information.



I have to admit that I was so upset after this vote I had to go for a walk!!  Basically what this bill does is require everyone to register to vote when they apply for or renew a  Driver's License (that is the "qualified agency" where it begins)  and as other agencies are qualified they too will require individuals to register to vote. 

Since when was registering to vote a mandated task - As an American Citizen I thought I had the right to register or not!  I am still truly disgusted with the passage of this bill.


For further information on this bill and any others go to:  Oregon Legislative Information Service